DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.31.

A number of brokerages recently weighed in on DV. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. The Goldman Sachs Group lowered their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays decreased their price target on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, Royal Bank of Canada decreased their price target on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd.

DoubleVerify Stock Down 1.6%

NYSE:DV opened at $14.79 on Friday. The company’s 50 day moving average price is $13.33 and its 200-day moving average price is $17.08. DoubleVerify has a 52 week low of $11.52 and a 52 week high of $23.11. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, sell-side analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in DoubleVerify by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after acquiring an additional 984,779 shares during the last quarter. Mackenzie Financial Corp increased its holdings in DoubleVerify by 1.6% in the 1st quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company’s stock valued at $76,913,000 after acquiring an additional 91,405 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in DoubleVerify by 6.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock valued at $69,871,000 after acquiring an additional 319,055 shares during the last quarter. AQR Capital Management LLC increased its holdings in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after acquiring an additional 592,435 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after acquiring an additional 19,684 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

About DoubleVerify

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.